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Austria: Nowotny Rejects Mood of Opposition against ECB
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Published: November 12, 2013; 12:32 ♦ (Vindobona)
Ewald Nowotny, governor of OeNB, rejects the idea of having been part of a protest group against the European Central Bank’s (ECB) most recent monetary measures by cutting the key rate to an all-time low.
Austria: Nowotny Rejects Mood of Opposition against ECB / Picture: © Wikipedia / Christian Wirth (Wirthi)
In response to a report by “Financial Times”, Nowotny, governor at the Austrian National Bank (OeNB) pointed out that there had been different opinions in the timing but not in the ECB’s step per se. The European Central Bank lowered the base rate by 0.25 percent to a new record low from 0.5 percent to 0.25 percent on Thursday. The extremely low inflation in the Eurozone (0.7…
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